Waters the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchin. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchins leadership, has mapped out point by point and rolling back many of the Critical Reforms demo
On which the yeas and nays are ordered. He clerk will report the title of the resolution. The clerk house calendar number 765, use Resolution Resolution providing for consideration of the senate 1158,ent to the bill h. R. To authorize cyber incident departmentams at the of Homeland Security and for other purposes, providing for consideration of the senate bill h. R. 1865, to require the secretary of the treasury to mint a coin in of the opening of the National Law Enforcement museum in the district of for other nd purposes, and providing for the adoption of the resolution house permitting 61, individuals to be admitted to the hall of the house in order to obtain footage of the house session for inclusion in the orientation film to be shown to visitor at the capitol center. The speaker pro tempore the question is on ordering the previous question. Members will record their votes by electronic device. Members, this is a 15minute vote. [captioning made possible by the national captioning
This is nothing this is something we should work on, and the work on this predated me coming to treasury and this has been a long time, and as i mentioned earlier, we may come back to congress and suggest that you pass legislation. I would ask you, this is not on your 2021 calendar. This should be on your december calendar. I agree. I look forward to working with you. I need to know whether you need legislation. I need to know what you need and we need to make sure that are 2 billion of outstanding debt where people kbts determine what interest is supposed to be paid, and i want to move on because i do chair the asia subcommittee for another week, and we focused on china. China could end up with 1. 5 billion of world bank loans. This is under discussion now. Chinas income has exceeded the level where they should be eligible for these loans and the Chinese Government has enough money to put a million uighurs behind bars and to build a military complex that destabilizes the world so it s
On which the yeas and nays are ordered. The clerk will report the title of the resolution. The clerk house calendar number 32 House Resolution 460. Resolution providing for consideration of the bill h. R. 2722 to protect elections for Public Office by providing Financial Support and enhanced security for the infrastructure used to carry out such elections around for other purposes. Waiving a requirement of clause 6a of rule 13 with respect to consideration of certain rules reported from the committee on rules and providing for consideration of bill h. R. 3351 making appropriations for Financial Services and general government for the fiscal year ending september 30, 2020, and for other purposes. The speaker pro tempore the question is on ordering the previous question. Members will record their votes by electronic device. This is a 15minute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any us
Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you being here today. Todays hearing is about the state of the International Financial institutions. I want to take a minute to talk about the debt ceiling crisis that we narrowly avoided. First, were all glad that they seized behind us and. No one wanted to default no legislative branch official no executive branch official your statement says waiting until the last minute hurts american credibility i